Ridgemont Equity Partners Leads Recapitalization to Support National Power’s Growth

National Power, LLC, a leading provider of power reliability and resilience solutions for mission-critical operations, has received a recapitalization from Ridgemont Equity Partners, a middle market private equity firm. The partnership aims to support National Power's growth and expansion in the power systems industry.

National Power's field technical teams offer value-added services related to the distribution, installation, upgrading, repair, and maintenance of AC and DC power systems, integrated backup and standby power solutions, cooling/ventilation equipment, and related infrastructure. With over 1,500 customers across various industries, including broadband, data centers, telecommunications, and more, National Power plays a crucial role in ensuring operational uptime and asset resiliency.

Ridgemont Equity Partners sees National Power as a perfect fit within its infrastructure services investing focus area. They recognize the growing demand for power system upgrades and maintenance, grid hardening, distributed generation, battery storage, and vehicle electrification. This alignment presents a compelling opportunity for Ridgemont to partner with National Power's management team and help scale the company.

With the new partnership, National Power plans to pursue both organic growth initiatives and mergers and acquisitions to increase scale, enhance capabilities, and expand their service offering. The aim is to continue delivering best-in-class critical infrastructure services and solutions to customers while providing excellent career development opportunities for employees.

In the next chapter of National Power's growth and evolution, Ridgemont Equity Partners stands out as the ideal partner. Their understanding of National Power's business, shared growth vision, and commitment to customers and employees played a significant role in selecting them as partners.

The financial terms of the transaction were not disclosed. However, the financing for the recapitalization was provided by Churchill Asset Management and Oaktree Capital Management's U.S. Private Debt Group.

About National Power

National Power is a renowned provider of value-added services related to the distribution, installation, upgrading, repair, and maintenance of power systems. With a focus on AC and DC power systems, integrated backup and standby power solutions, cooling/ventilation equipment, and related infrastructure, National Power ensures uptime, improves reliability, and increases energy efficiency for customers with mission-critical operations. Headquartered in Raleigh, North Carolina, the company operates across the United States.

About Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market private equity firm with over 30 years of experience. They specialize in providing buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors. Ridgemont's proven, industry-focused model has helped build distinctive middle market companies over the years.

In conclusion, the partnership between Ridgemont Equity Partners and National Power holds significant promise for National Power's growth journey. With the expertise and financial support of Ridgemont, National Power is well-positioned to expand its service offerings, enhance capabilities, and cater to the increasing demand for critical infrastructure services in various industries. This collaboration will contribute to the overall development of the power systems industry and ensure reliable and resilient power solutions for mission-critical operations.